Yetti EA

Yetti EA is an automated trading algorithm that serves as a universal scalper capable of identifying potential trading opportunities using various filters, technical indicators, and other criteria to enter positions. It supports multi-currency trading and can be customized to suit individual trading preferences.

In this review, we will examine the features of the Yetti EA, its trading strategies, and its performance in real trading situations, enabling you to decide better if it is the right trading robot for you.

Yetti EA Strategy

Yetti EA is a multi-currency automated trading algorithm or a universal scalper designed to use several filters and technical indicators or other criteria to identify potential trading opportunities and to enter positions. The EA is designed for use with the MetaTrader 4 platform, is compatible with any currency pair and timeframe, and is optimized for all account types with a minimum lot size of 0.01.

Yetti EA
Yetti EA

The algorithm employs a grid trading strategy that involves placing orders at predetermined price levels, called grid levels. The EA opens multiple buy and sell orders at these levels, aiming to capture profits from price movements in both directions. The grid levels can be customized to suit individual trading preferences, and the EA includes a dynamic step system that increases the survivability of the algorithm during long trends.

One of the key features of Yetti EA is its built-in trailing stop system. This system allows traders to lock in profits by trailing the price movements of the selected trading instrument. The EA also includes several filters for entering positions and options for tracking and closing orders. The user interface is user-friendly, with a display of spread, TP lines, and trailing activation lines. The buttons on the panel make it easy to navigate and control the EA in busy moments.

Yetti EA
Yetti EA

Another strength of Yetti EA is its built-in protection and position recalculation functions. These functions protect the EA from a set of extra orders and a failure of the main grid construction cycle during terminal reboots, VPS, a long absence of communication between the VPS and the server, prohibition of opening orders by the broker, and so on.

One potential weakness of Yetti EA is the lack of transparency regarding the algorithm’s specific trading strategies and indicators. While traders can customize the EA to suit their individual preferences, some may prefer to have a clearer understanding of the specific indicators and strategies used by the EA. Additionally, the grid trading strategy employed by the algorithm can increase the risk of losses, particularly during volatile market conditions. Traders should use proper risk management strategies and also back-test before implementing it in their trading activities.

Yetti EA Features

  • Yetti EA can trade on a variety of currency pairs, allowing traders to diversify their portfolios.
  • The EA can be customized to incorporate a range of different trading strategies and indicators, giving traders greater flexibility and control.
  • The EA is designed for use with the Metatrader 4 platform
  • The EA includes a trailing stop system that can help maximize profits while managing risk.
  • The dynamic step feature allows traders to adjust the distance between orders to increase the survivability of the adviser during a long trend.
  • Yetti includes a news filter to help traders avoid volatile market conditions that may arise during major news events.
  • The EA includes a partial hedging feature that allows traders to hedge some of their positions in order to minimize potential losses.
  • The locker feature allows traders to select the locking percentage appropriate for their trading strategy.
  • Yetti includes several filters for entering positions, allowing traders to fine-tune their trading strategy based on their preferences.
  • The EA includes built-in protection and position recalculation functions to protect against extra orders and grid construction cycle failures.
  • Yetti features a user-friendly interface that displays important information such as spread, TP lines, and trailing activation lines, making it easy for traders to navigate and control in busy moments.
  • Yetti is optimized for all account types with a minimum lot size of 0.01, making it accessible to traders with various account sizes.

Yetti EA Settings

  • Lot size: Fixed lot size for each trade.
  • period_m1: Short Momentum period.
  • period_m2: Long Momentum period.
  • profit: Potential profit at which to close open deals.
  • ATR 1: This is the shorter period used in calculating the ATR.
  • ATR 2: This is the Longer period used in calculating the ATR
  • Magic: The robot’s magic number.
  • Start Lot: The initial lot size used for the first trade.
  • Multiplier: The factor by which the lot size is increased for subsequent trades.
  • Grid step: The distance between grid levels in points.
  • General take profit: The take profit level for all trades.
  • Margin Level – all orders are closed: The margin level at which all trades are closed.
  • Use Autodryer: Whether or not to use the auto dryer function.
  • Dynamic Step Size: The dynamic step size for the grid levels.
  • Number of Orders in one step: The number of orders to place at each grid level.
  • Include trailing stop: Whether or not to include a trailing stop.
  • Trailing stop triggering distance: The distance from the current price at which the trailing stop is triggered.
  • Maximum drawdown level: The maximum drawdown allowed before all trades are closed.
  • Minimum margin Level: The minimum margin level required to continue trading.

Yetti EA Summary

Yetti EA is an automated trading algorithm designed that uses several filters, technical indicators, and other criteria to identify potential trading opportunities and enter positions. The EA employs a grid trading strategy that involves placing orders at predetermined price levels.

The EA has various key features, as mentioned in the article, one of which is its built-in trailing stop system that allows traders to lock in profits by trailing the price movements of the selected trading instrument.

However, One potential weakness of the EA is that the grid trading strategy used by the EA can also increase the risk of losses, especially during volatile market conditions. Traders should always use proper risk management strategies and back-test the EA before implementing it in their trading activities.

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